What would Mr. Lane's opportunity cost be if he moved his production from point D to

point E?

Question

01-12-2021
Social Studies

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What would Mr. Lane's opportunity cost be if he moved his production from point D to

point E?

Sagot :

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Topeadeniran2idn Topeadeniran2idn · Answer 1 · 2021-12-07T16:56:48-05:00

Opportunity cost simply means a foregone benefit they'll be derived when an economic entity chooses a different option.

Your question is incomplete. Therefore, an overview of an opportunity cost will be given. Opportunity cost simply means the real cost of a foregone alternative.

Opportunity cost simply means what an individual gives up for something else. The opportunity cost is the loss of value or benefit that is incurred by engaging in an alternative activity.

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